PYMNTS

DECEMBER 29, 2020

With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. Unlike the crypto markets, Wingert said the banking and payments industries continue to be slow to adapt to the challenges of KYC and fraud prevention.

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PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The initiative will be powered by INFORM’s RiskShield, an advanced risk evaluation solution.

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PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however.

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FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management.

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FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

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PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. That information can include whether consumers are authenticated and where the point of sale is located.

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PYMNTS

JULY 24, 2019

Fraudsters are muscling their way into new territories when it comes to how they approach consumers for their personal information. Around the Digital Fraud World. Fraudsters are getting bolder with their scams and the technologies they use to enact them. A Global Team Is Essential To Fraud Protection, Says N26.

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PYMNTS

JANUARY 11, 2021

To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million. As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. In a Monday (Jan.

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PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. market debut.

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PYMNTS

AUGUST 22, 2019

Fraud, for instance, is an ongoing threat, with nearly three-fourths of U.S. financial institutions reporting growing losses attributed to online and mobile fraud. The automation factor makes the process hands-off and makes it “less likely for especially internal fraud to occur, but also external,” per Quaine.

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PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime.

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PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. alone topped $10.2 billion last year. alone topped $10.2

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PYMNTS

DECEMBER 26, 2019

Online firms and their banking partners have both the means and motives to stop fraudsters from accessing personal information, but today’s connected economy encompasses markets and customer service channels around the world. Digital fraud rose 30 percent in Q3 2019, with one out of every five new accounts revealed to be illegitimate.

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PYMNTS

APRIL 15, 2020

While there is no shortage of new things in the world to get used to these days, cybercrime and fraud are, unfortunately, not among them. The good news, both Srinivasan and Awad told PYMNTS, is that while fraud attempts are up among U.S. consumers, fraud losses are not, yet. million pounds out of the unwitting. “We

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PYMNTS

NOVEMBER 26, 2019

Buguroo, a Spanish cybersecurity company, uses biometrics tied to behavior and deep learning processes to root out fraud. Conexo Ventures and Inveready Technology Investment Group also participated. Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots.

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Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. By embracing personalization and customization, banks can strengthen their position in the market and build lasting relationships with customers.

Trends 221

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PYMNTS

SEPTEMBER 24, 2018

Perhaps more troubling, however, is digital fraud’s projected future. Recently published research noted global fraud losses could top $6 billion by 2021, more than doubling the $3 billion lost worldwide in 2015. As such, businesses are now investing in their security and fraud prevention technology and solutions.

Fraud 195

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PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

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PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. Properly verifying the email addresses attached to clients is therefore essential for companies in the present market — and to keep out fraudsters successfully, this must be done at the very start of new customer relationships.

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PYMNTS

SEPTEMBER 19, 2019

Digital payments volume is increasing as emerging technologies enable more seamless online transaction experiences for consumers and businesses. The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. . The High Costs Of Fraud . The latter successfully made off with $4.2

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PYMNTS

JUNE 12, 2019

In B2B news, Visa is launching an end-to-end payments network called Visa B2B Connect , which is built on elements of distributed ledger technology and the open-source Hyperledger Fabric framework. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. All this, Today In Data.

Security 148

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PYMNTS

DECEMBER 6, 2018

A person calls to inform a consumer that his or her account had been frozen because of what was supposedly a “fraudulent transfer” or some other problem. Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. The request?

Fraud 133

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PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. The alliance with Equifax provides important access to some of the most complete and unique set of data assets available in the market.

Analytics 122

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Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

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PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) 29) by Kaspersky Labs and the University of Oxford Functional Neurosurgery Group noted, the technology is quickly gaining ground. Memory Technology. Implants Rising.

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PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. Dark Web Terms. Dark Web’ doesn’t mean anything,” Rogers told PYMNTS. But that goes only so far.

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PYMNTS

AUGUST 26, 2019

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. Enumeration attacks, he noted are a good example of this. Fighting The Infection .

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PYMNTS

JUNE 2, 2017

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

Fraud 109

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Insights on Business

JUNE 3, 2019

Because of this, traditional rules-based fraud detection systems have become outdated and no longer work. Today, real-time payments require real-time fraud detection. Modern payment fraud schemes require modern prevention. Data-science-project-turned-fraud-prevention-solution vs. purpose-built-fraud-prevention-solution.

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Abrigo

JULY 14, 2023

Takeaway 1 Exactly what information is needed to evaluate the viability of identified short- and long-term goals? Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis? Make informed decisions faster. Would you like other articles like this in your inbox?

Strategy 195

Strategy Data Analytics Analysis 195

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

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FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

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PYMNTS

APRIL 10, 2017

Experian, the credit rating company, is getting into the biometrics market, inking a deal with technology company BioCatch to use behavioral biometrics to fight fraud. The information will then help BioCatch figure out when it’s the real person or a fake one.

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PYMNTS

JANUARY 31, 2019

Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S. The growth of Same-Day ACH seems to also suggest that previous concerns about the risk of more fraud as a result of accelerated transactions has not held the industry back from adopting the functionality. .

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. One recent breach at U.S. One recent breach at U.S. This will allow them to gain holistic views of their new and existing customers to better protect against cybercriminals.

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PopularBank

JANUARY 5, 2022

How do you know if your business is a target for fraud? How much would the impact of fraud cost your business? What are different types of fraud you should be aware of? This article outlines the serious risks of commercial fraud and provides steps to identify and prevent business fraud. Understand the risks.

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PYMNTS

JULY 26, 2019

Banking technology firm Nucleus Software is rolling out a new solution to address this issue for financial institutions. As payments accelerate, the window of opportunity for financial service providers to identify and shut down a fraudulent transaction narrows. Singh in a statement.

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